Hyundai Motor announced on July 23 that it recorded a revenue of 49.2153 trillion won and an operating profit of 2.8509 trillion won for the second quarter of this year.
While revenue increased by 1.9% compared to the same period last year, operating profit fell by 20.8%. The operating profit margin dropped by 1.7 percentage points to 5.8%, despite strong sales of hybrid vehicles, due to rising raw material costs and production disruptions caused by fires at parts suppliers.
A Hyundai official stated, "The global automotive industry is facing unprecedented challenges, with demand down 3.8% year-on-year due to geopolitical issues and intensified competition. We will strive to demonstrate our fundamentals in the global market through new vehicle launches in the second half of the year."
In the second quarter, global sales reached 991,885 units, a decrease of 6.9% from the previous year.
In South Korea, sales fell by 16.4% year-on-year to 157,647 units due to supply chain disruptions from parts supplier fires. Internationally, sales also declined by 4.9% during the same period, totaling 834,238 units.
Meanwhile, Hyundai will maintain its quarterly dividend at 2,500 won, consistent with the previous year, as part of its value-up program announced in 2024.
The Hyundai official added, "Despite changes in the macroeconomic environment, we will faithfully implement our shareholder return policy as promised to maximize shareholder value."
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.